I think similar price action will develop for the June crude futures contract in the coming weeks when traders roll their contracts forward.
Gold has broken through the EQ of the long term range. I'm looking to long a retest of the EQ with a target of the range highs.
EUR/USD has come back into a prominent range. To ensure this isn't just deviation from the prior range, I would wait to short a retest of the LTF EQ that I've placed my entry on, with a target of the range lows.
Weak buy volume and many volume divergances on LTFs.
Liquidty was tapped in favour of shorts and the liquidity at weekly lows hasn't been disturbed yet.
Volume divergance on the LTFs, price seems exausted. I think its safe to place my stop above the range high as liquidity has already been tapped there.
We've come back into a prominent range and broken bullish market structure on the LTFs. I should be able to get a short entry on a stop run to the liquidity on the LTF EQ.
Buy volume is weak and we aren't seeing a strong bounce off the range lows, I'm looking to short a retest of the range lows if it breaks down. Targeting the H4 orderblock. I will only look for longs once we've broken out of the range.
Price has re-entered a previous range and with my general market outlook being bearish over the next few months, I think we will at least visit the top of the range.